secwatch.observer — SEC 8-K summary
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Issuer:     Golub Capital Private Credit Fund (—)
CIK:        0001930087
Form:       8-K
Filed at:   2026-05-28T21:13:27+00:00
Accession:  0001930087-26-000071
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GCRED Q1 2026 NAV falls 4% to $24.14; Class I quarterly return -1.8%
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- NAV per share (Class I/S) fell from $25.15 to $24.14; quarterly net returns: Class I -1.80%, Class S -2.01%, Class D -1.07%.
- Non-accruals remain <0.1% of portfolio at fair value; 98% of investments rated IPR 4 and 5.
- Average debt price declined from 99.6% to 97.8%, driven by market spread widening, not credit deterioration.
- Software loans fell ~7 pts vs non-software BSL -1 pt; AI risk assessed per borrower, not sector-wide.
- Leverage ratio 1.25x; total investments $9.9B, 96% first lien senior secured, 100% sponsor-backed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930087/000193008726000071/0001930087-26-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930087/000193008726000071/gcred-20260528.htm
  HTML page:      https://secwatch.observer/filing/0001930087-26-000071

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